$3,999,000

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Property Details

This Reading area landmark, The Riveredge, has been owned and operated by the same family for over 50 years. This entertainment complex includes fine dining/banquet facilities, lounge, 45 room EconoLodge Inn (under management lease), and night club (The Silo/Loft) on 5.37 acres plus .37 acre separately deeded paved parking lot. Property has road frontage on Rt. 183 with independent driveway ingress & egress to both sides of the building. One Of The Largest Banquet Facilities Around offering 3 ballrooms for up to 1000 guests or as intimate as 10-50 guests and all equipped with full service bars and permanent dance floors. 5 private meeting rooms on the second floor, plus 4 offices for management/staff. The large commercial kitchen can handle increased production boasting space for 10 ovens, 3 walk-in coolers, 1 large freezer/1 upright, a large dishwasher, deep fryer, steam tables, slicer, 2 broiler ovens, 10 burner stoves, plus separate 2 burners, 4 urn coffee makers, plus another 3 burner coffee maker. Centrally located bathrooms to all banquet and meeting rooms. The stand alone night club has hosted many up and coming entertainers and includes 2 floors, large stages and dance floors with up to 900 patron capacity, plus teen lounge with separate commercial kitchen. Included is a PA Liquor License, 6 bar areas on premises, all equipment and fixtures included. Prime location near St. Joseph's Medical center in central Berks County! A piece of history with flexibility for use and expansion!

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